Alexco Resource, AXR.to/AXU

AXU/AXR.to -.40 to C$3.50
Ugh! Price drops to level of financing.
http://finance.yahoo.com/news/Alexco-Announces-Terms-of-cnw-3342153220.html?x=0&.v=1
This is an excellent overview of Alexco and why I think it is a great longer term silver investment. The mines average 40oz/tonne ore! AXR will funnel cashflow from first mine into drilling. They and partner SLW are looking for the big 100million oz mine that will be a company changer for AXR.
http://www.resourceinvestor.com/News/2010/1/Pages/Alexco-scheduled-to-commence-production-at-Keno-Hill-in-2010.aspx?utm_source=resourceinvestor&utm_medium=email&utm_campaign=traffic&cmpid=resourceinvestor

No opinion about Alexco as an investment, but if you happen to visit the Yukon, try to make time for a trip to Keno City (pop approx 20) and visit the mining museum there. Also outbuildings with lots of neat machinery - model T truck, for instance.

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